Ending long-running legal battles will be key as the ride-hailing giant races towards an IPO this year.
will pay drivers $20 million to end a six-year legal battle with drivers ahead of its IPO this year.
Drivers for the ride-hailing company argued in the lawsuit that they are employees, not independent contractors, as Uber has classified them, and therefore entitled to certain wage protections and reimbursement for their expenses. The lawsuit is central to a widely held debate over so-called gig-economy workers, the workforce relied on by technology platforms such as food-delivery and ride-hailing services. Gig-economy workers have often argued they should receive better pay and benefits, and be treated as employees.
"We're pleased to reach a settlement on this matter and we'll continue working hard to improve the quality, security and dignity of independent work," the spokesman said. According to the court filing, drivers will individually walk away with more money under the proposed settlement offer than they would have under the 2016 settlement offer. Chen had called the offer of up to $100 million for the larger class neither fair nor adequate; some drivers would have made as little as $12.Uber in December filed confidentially for an initial public offering
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